(1)  “Control” as provided in Section 70A-7a-106 and the following definitions in other chapters of this title apply to this chapter:

Terms Used In Utah Code 70A-9a-102.1

  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
(a)  “Applicant” Section 70A-5-102.

(b)  “Beneficiary” Section 70A-5-102.

(c)  “Broker” Section 70A-8-101.

(d)  “Certificated security” Section 70A-8-101.

(e)  “Check” Section 70A-3-104.

(f)  “Clearing corporation” Section 70A-8-101.

(g)  “Contract for sale” Section 70A-2-106.

(h)  “Customer” Section 70A-4-104.

(i)  “Entitlement holder” Section 70A-8-101.

(j)  “Financial asset” Section 70A-8-101.

(k)  “Holder in due course” Section 70A-3-302.

(l) 

(i)  “Issuer” (with respect to a letter of credit or letter-of-credit right) Section 70A-5-102.

(ii)  “Issuer” (with respect to a security) Section 70A-8-201.

(iii)  “Issuer” (with respect to documents of title) Section 70A-7a-102.

(m)  “Lease” Section 70A-2a-103.

(n)  “Lease agreement” Section 70A-2a-103.

(o)  “Lease contract” Section 70A-2a-103.

(p)  “Leasehold interest” Section 70A-2a-103.

(q)  “Lessee” Section 70A-2a-103.

(r)  “Lessee in ordinary course of business” Section 70A-2a-103.

(s)  “Lessor” Section 70A-2a-103.

(t)  “Lessor’s residual interest” Section 70A-2a-103.

(u)  “Letter of credit” Section 70A-5-102.

(v)  “Merchant” Section 70A-2-104.

(w)  “Negotiable instrument” Section 70A-3-104.

(x)  “Nominated person” Section 70A-5-102.

(y)  “Note” Section 70A-3-104.

(z)  “Proceeds of a letter of credit” Section 70A-5-114.

(aa)  “Prove” Section 70A-3-103.

(bb)  “Sale” Section 70A-2-106.

(cc)  “Securities account” Section 70A-8-501.

(dd)  “Securities intermediary” Section 70A-8-101.

(ee)  “Security” Section 70A-8-101.

(ff)  “Security certificate” Section 70A-8-101.

(gg)  “Security entitlement” Section 70A-8-101.

(hh)  “Uncertificated security” Section 70A-8-101.

(2)  Chapter 1a, Uniform Commercial Code – General Provisions, contains general definitions and principles of construction and interpretation applicable throughout this chapter.

Amended by Chapter 272, 2007 General Session

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